Foreigners Hold IDR241.76 Tln Indonesian Govt Rupiah Bonds

JAKARTA, KOMPAS.com - Foreign ownership of the Indonesian government's rupiah-denominated bonds rose to IDR241.76 trillion ($28.3 billion) as of July 18 from IDR234.99 trillion on June 30, Ministry of Finance data showed Thursday.

The figures suggest that lingering concern over sovereign debt problems in the European Union hasn't significantly discouraged overseas market participants to park their money in the rupiah assets. Offshore investors held close to 35% of the government's total tradable rupiah debt securities as of Monday, rising slightly from 34% at the end of June, the data showed.

Analysts have warned that such a high proportion of foreign ownership in the government bonds could pose a risk to Indonesian financial markets if such investors suddenly withdraw their funds.

Sumber :

Dow Jones